Lloyds and Visa complete ¥120 million stablecoin payment experiment

  • Lloyds and Visa completed a live stablecoin cross-border payment experiment.
  • The seven-day trial processed approximately ¥120 million, including weekend activity.
  • Lloyds examined asset exchange, payment completion and reconciliation between financial institutions.

Lloyds Banking Group, the major U.K. financial services group, said on Sept. 30 that it had completed a live experiment with Visa involving stablecoin (digital tokens designed to maintain stable value) cross-border payments. The trial ran for seven days, including the weekend, and processed approximately ¥120 million. It used real transactions to examine the back-end process in which financial institutions exchange assets, complete payments and reconcile the results. Lloyds said the experiment explored how stablecoin-based settlement could support faster, more transparent and flexible international transactions.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.